According to The Insight Partners new market research study on “Mass Spectrometry Software Market Forecast to 2027 – COVID-19 Impact and Global Analysis – by Deployment Type and Application,” the market is expected to reach US$ 8,541.36 million by 2027 from US$ 5,037.56 million in 2019. The market is estimated to grow at a CAGR of 7.0% from 2020 to 2027.
Factors, such as increasing applications of genomics and proteomics and growing software launches, are expected to propel the growth of the market. However, challenges associated with mass spectrometry software such as handling systems, scarcity of skilled professionals for reading the correct data and analysis, and workflow management, are the major factor hindering the market growth.
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Waters Corporation; Thermo Fisher Scientific Inc.; Agilent Technologies, Inc.; Sciex (Danaher Corporation); Advanced Chemistry Development; Bruker; Adaptas Solutions; SpectralWorks Ltd.; Shimadzu Scientific Instruments; and PerkinElmer, Inc. are among the leading companies operating in the mass spectrometry software market.
Moreover, factors, such as rising incidence of chronic diseases, growing demand for immunoassays for diagnosing, and increasing technology development, are expected to evolve mass spectrometry and its software. Hence, it is expected that the healthcare industry would experience highly automated technologies with various features that are suitable for medical devices. These technologies are compatible for both laboratory and laboratory free applications in the near future.
In the future, there would be continuing evolution of mass spectrometry, which is expected to drive the demand for powerful software, solutions, or platforms. Growing applications of proteomics are significantly contributing to the upgrading of mass spectrometry software, as it requires more sensitive and shortcut protocols to analyze the research studies. In addition, there is a significant growth in demand for diagnosis and treatment of genetic, rare genetic disorders, cancer, and other chronic diseases that require fully automated systems. Therefore, clinical research is likely to continue using mass spectrometry for clinical diagnosis.
Below is the list of the growth strategies done by the players operating in the mass spectrometry software market:
In Nov-20 – PerkinElmer, Inc., launched its newest ChemDraw application, ChemOffice+ Cloud, to simplify, facilitate and accelerate chemistry communication workflows
In Jun-20 – For customers with Waters Xevo TQ-S micro and Xevo TQ-XS mass spectrometers running on MassLynx Software version 4.2, Waters is introducing a new interface to Skyline software, the freely-available, open source software for targeted proteomics. The MassLynx/Skyline interface is an easy-to-use tool for auto-optimizing and fine-tuning high-sensitivity MRM assays on tandem quadrupole mass spectrometers for bioanalytical or targeted proteomics experiments that are part of drug discovery research
in Nov-19 – Aston University and Waters Corporation completed the installation of the world’s first Waters SELECT SERIES Cyclic IMS (ion mobility spectrometry) mass spectrometer within the University’s School of Health and Life Sciences, where the instrument will support research into the biology of human diseases, the discovery of new therapeutics and advances in biotechnology.
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